PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0422%/8h= −46.2% APRnext payment −$2.11 per $10,000 · paid last 24h −0.097%

Price spread now: HTX against MEXC−0.054%50s7-day average +0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$368as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$3203.203% of the position

Long on MEXC Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.474%−$47 on $10k

Price spread, last 4 days (all we have)−0.044%−$4 · spread now −0.054%, 7d avg +0.042%

Together, before fees−0.518%−$52 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and HTX is 0.095% cheaper against MEXC than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.042%). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC PONS_USDT	0.5932	0.0522	pay 0.0261% / 4h	1h 31m	$7.6M	$4.7M	20x
Short	HTX PONS-USDT	0.5929	0.0100	get 0.0050% / 4h	1h 31m	$65K	$525K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee MEXCbpFee HTXbpOrdersPrice spread, now −0.054%Rate

Funding earned: −$88.62
Price spread: −0.054% → +0.042%: −$9.55
Slippage, 4 orders: −$308.31
Fee MEXC: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$418.48
Costs to cover: 3.203%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; HTX: live order book, 12 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy MEXC live order book, 1 min ago	0.84 bp	4.6 bp −$5	12.9 bp −$129	311.3 bp −$31.1K	doesn't fit
Sell HTX live order book, 12 min ago	33.76 bp	171.9 bp −$172	doesn't fit	doesn't fit	doesn't fit

PONS on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) PONS/USD	L +0.0033% / S −0.0032%	1h	0.5920	−0.197%	$235K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+0.632%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.5928	−0.062%	$417K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5932	0.000%	$22K	$421K	20x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5934	+0.025%	$2K	$3K	10x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.5930	−0.026%	$69K	$131K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5929	−0.044%	$29K	$315K	5x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5929	−0.046%	—	$1.2M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5927	−0.076%	$26K	$586K	3x	as long as short
HTX PONS-USDTshort	+0.0100%	4h	0.5929	−0.054%	$65K	$525K	20x

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex PONSUSDT	+0.0100%	4h	0.5922	−0.169%	$1.6M	$3.2M	20x	as long as short
Hyperliquid PONS	+0.0205%	1h	0.5931	−0.017%	$60.2M	$29.5M	3x	as long as short
Aevo PONS-PERP	+0.0208%	1h	0.5929	−0.042%	$369	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0401%	4h	0.5931	−0.017%	$13.4M	$56.0M	20x	as long as short
Polymarket Perps PONS-USD	+0.0455%	1h	0.5932	−0.005%	$94K	$1.9M	3x	as long as short
Aster PONSUSDT	+0.0466%	4h	0.5926	−0.094%	$1.1M	$2.2M	20x	as long as short
Gate PONS_USDT	+0.0474%	4h	0.5928	−0.067%	$5.3M	$6.3M	20x	as long as short
Extended PONS-USD	+0.0520%	1h	0.5929	−0.044%	$101K	$811K	5x	as long as short
Binance PONSUSDT	+0.0521%	4h	0.5932	0.000%	$37.3M	$98.5M	20x	as long as short
MEXC PONS_USDTlong	+0.0522%	4h	0.5932	long leg	$7.6M	$4.7M	20x
edgeX PONSUSDC	+0.0530%	4h	0.5934	+0.034%	$20K	$292K	10x	as long as short
Pacifica PONS	+0.0556%	1h	0.5930	−0.040%	$45K	$68K	3x	as long as short
Variational Omni PONS	+0.0595%	4h	0.5908	−0.397%	$1.4M	$4.1M	—	as long as short
KuCoin PONSUSDTM	+0.0628%	4h	0.5931	−0.017%	$1.6M	$3.8M	20x	as long as short
Bitget PONSUSDT	+0.0676%	4h	0.5935	+0.044%	$4.7M	$12.2M	20x	as long as short
BingX PONS-USDT	+0.0706%	4h	0.5931	−0.017%	—	$3.0M	—	as long as short
Bybit PONSUSDT	+0.0728%	4h	0.5929	−0.051%	$17.6M	$31.4M	20x	as long as short
BloFin PONS-USDT	+0.0767%	4h	0.5933	+0.017%	$1.6M	$945K	20x	as long as short
Lighter PONS	+0.0776%	1h	0.5932	−0.007%	$1.6M	$830K	3x	as long as short
Phoenix PONS	+0.1472%	1h	0.5924	−0.142%	$45K	$127K	3x	as long as short